Brookstone Capital Management grew its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 57.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,833 shares of the industrial products company's stock after purchasing an additional 6,855 shares during the period. Brookstone Capital Management's holdings in Emerson Electric were worth $2,334,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at $33,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the third quarter worth $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric during the third quarter worth $43,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Insider Transactions at Emerson Electric
In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company's stock.
Emerson Electric Stock Up 2.1 %
Shares of EMR stock traded up $2.60 during trading hours on Thursday, reaching $123.32. 2,872,021 shares of the company's stock were exchanged, compared to its average volume of 2,429,702. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 1.98 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The stock's 50 day moving average is $127.18 and its 200-day moving average is $115.05.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on EMR shares. UBS Group began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target on the stock. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.89.
Check Out Our Latest Analysis on EMR
Emerson Electric Company Profile
(
Free Report)
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
See Also
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
